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Rheinmetall’s Strong Defense Division Performance and Upward Potential Justifies Buy Rating

Rheinmetall’s Strong Defense Division Performance and Upward Potential Justifies Buy Rating

Rheinmetall (0NI1Research Report), the Industrials sector company, was revisited by a Wall Street analyst today. Analyst Chloe Lemaire from Jefferies maintained a Buy rating on the stock and has a €1,880.00 price target.

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Chloe Lemaire’s rating is based on Rheinmetall’s impressive performance across its defense divisions, which showed substantial growth in sales ranging from 49% to 93%. This robust growth was partly driven by a pull-forward effect, contributing approximately €140 million or around 12% to the increase.
Furthermore, the company’s adjusted EBIT has doubled in its VS and W&A divisions, and the free cash flow of €266 million exceeded expectations by 26%. The reaffirmation of the full-year guidance, coupled with the strong first-quarter results, indicates potential upward pressure on future performance, justifying the Buy rating.

Lemaire covers the Industrials sector, focusing on stocks such as Airbus Group SE, Rolls-Royce Holdings, and BAE Systems. According to TipRanks, Lemaire has an average return of 34.6% and an 84.89% success rate on recommended stocks.

In another report released on May 5, UBS also maintained a Buy rating on the stock with a €1,840.00 price target.

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